The impact of timely succession planning on a firm's continuity: case of Lebanon

Charbel Karam and Wafica Ghoul

International Journal of Business and Globalisation, 2010, vol. 5, issue 2, 200-210

Abstract: This paper examines whether early succession planning in Lebanese family-owned firms has an immediate impact on their financial performance and hence their continuity. We have surveyed 50 privately held Lebanese family-owned firms and conducted a statistical analysis of their responses. Our findings show that early and proper succession planning impacts future financial performance rather than having immediate consequences.

Keywords: family-owned firms; financial performance; return on assets; return on equity; sales growth rates; succession planning; firm continuity; Lebanon; private companies. (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbglo:v:5:y:2010:i:2:p:200-210

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